Pete1981 Posted September 16, 2010 Share Posted September 16, 2010 I asked Paul Plunkett how come the LT said the mystery bidder was looking through the books and now they are saying that nobody else can and he replied... Because there is no exclusivity .... there never has been Link to comment Share on other sites More sharing options...
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niggit Posted September 16, 2010 Share Posted September 16, 2010 millionth page is a long way off, we've only just passed 600,000 posts in over a decade. What, even with Hughesy.... Link to comment Share on other sites More sharing options...
MikeB Posted September 16, 2010 Share Posted September 16, 2010 If WGA have been given an extended period for d.d., it means that they must be almost whiter than white. Clearly, the Trust / Board / Roth's feel that Ali is the real deal. I suspect that this means things are closer than we thought otherwise, why do it if there are other viable purchasers supposedly straining at the leash. I think Ali has them in the palm of his hand. Link to comment Share on other sites More sharing options...
Steve Moss Posted September 16, 2010 Share Posted September 16, 2010 Like I said - and it's only a guess - Syed has probably paid the £25000 that gives him exclusivity. Technically the second group are in due dilligence, but that doesn't give them access to the books. The only other alternative, is that the second group are not in due diligence. Or that WGA or Ali Syed has misstated or misunderstood the whole tiered DD concept. Didn't Shah do the same at one point? Until the Trust speaks, we can't be sure as to who is doing what, when and how. Other than a direct quote from his camp yesterday saying he wasn't. Wasn't that quote from Mukesh's camp, not Anil's? The Ambani brothers are not a united front. Link to comment Share on other sites More sharing options...
67splitscreen Posted September 16, 2010 Share Posted September 16, 2010 I asked Paul Plunkett how come the LT said the mystery bidder was looking through the books and now they are saying that nobody else can and he replied... Because there is no exclusivity .... there never has been Various media releases said he had exclusivity, Syed himself told the BBC amongst others. Someone is being economical with the truth, or it was "the truth at the time" Wasn't that quote from Mukesh's camp, not Anil's? The Ambani brothers are not a united front. Certainly not Rovers. Link to comment Share on other sites More sharing options...
little_joe50 Posted September 16, 2010 Share Posted September 16, 2010 I don't buy this statement at all, there is no way that it should take more than 4 weeks to do DD on a company the size of BRFC that has one main revenue stream and one main expense. To me this seems like a smokescreen for something else going on behind the scenes. Link to comment Share on other sites More sharing options...
Hughesy Posted September 16, 2010 Share Posted September 16, 2010 Finally the mystery bidder has seems to have caused concern in the WGA camp hence extended the exclusivity. Dont get it - how can the have exclusivity if another group also has entered due diligence, or is that now incorrect?! Im lost! Link to comment Share on other sites More sharing options...
Balwer Posted September 16, 2010 Share Posted September 16, 2010 Dont get it - how can the have exclusivity if another group also has entered due diligence, or is that now incorrect?! Im lost! Exclusivity means that nobody can buy it except Syed, it's like a right of first refusal. Link to comment Share on other sites More sharing options...
Pete1981 Posted September 16, 2010 Share Posted September 16, 2010 Exclusivity means that nobody can buy it except Syed, it's like a right of first refusal. But Paul Plunkett says Ali Syed dosent have Exclusivity Link to comment Share on other sites More sharing options...
Hughesy Posted September 16, 2010 Share Posted September 16, 2010 Exclusivity means that nobody can buy it except Syed, it's like a right of first refusal. Yes but also they claim nobody can look at the books.... "This enables WGA to continue to explore the financial situation of the club while ensuring that no other bidder can buy it or look into its books" Link to comment Share on other sites More sharing options...
Wolverine Posted September 16, 2010 Author Share Posted September 16, 2010 It's quite simple: We don't know. Link to comment Share on other sites More sharing options...
den Posted September 16, 2010 Share Posted September 16, 2010 Plunkett to Rebelsmwar: it's very complicated on exclusivity. there's several different layers, some with exclusivity and some not. Link to comment Share on other sites More sharing options...
MikeB Posted September 16, 2010 Share Posted September 16, 2010 If ever there was a case of Chinese whispers !!!!!!!!!!!!!!!!! Link to comment Share on other sites More sharing options...
rebelmswar Posted September 16, 2010 Share Posted September 16, 2010 Dont get it - how can the have exclusivity if another group also has entered due diligence, or is that now incorrect?! Im lost! I have given up and decided to play pickup sticks with my ass cheeks, much easier to do and more rewarding. Link to comment Share on other sites More sharing options...
duffbear Posted September 16, 2010 Share Posted September 16, 2010 I am guessing this is probably a question for Philip or maybe Kammy would WGA have paid an additional fee to extend the exclusivity? Link to comment Share on other sites More sharing options...
Balwer Posted September 16, 2010 Share Posted September 16, 2010 I am guessing this is probably a question for Philip or maybe Kammy would WGA have paid an additional fee to extend the exclusivity? I think the Trust would be terrible businessmen and women if they didn't charge some sort of fee for it. They're not doing it out of kindness that's for sure. Link to comment Share on other sites More sharing options...
nicko Posted September 16, 2010 Share Posted September 16, 2010 WGA [bahrian/Switzerland or London] did have an exclusivity period of four weeks. That is over. Now WGA [London] say they have a new exclusivity period. Too strange - even by Rovers takeover standards. Link to comment Share on other sites More sharing options...
Guest Kamy100 Posted September 16, 2010 Share Posted September 16, 2010 Paul Plunkett has it 100% correct, there are different levels of DD/Exclusivity, it is complicated, but basically If WGA statement is true then it does not mean that other bidders can't enter into DD, just means they can't reach to the level of DD/Exclusivity that WGA have reached. I hope that this makes some semblance of sense. Hopefully the club will release a statement to clarify the situation. Link to comment Share on other sites More sharing options...
CrazyIvan Posted September 16, 2010 Share Posted September 16, 2010 Paul Plunkett has it 100% correct, there are different levels of DD/Exclusivity, it is complicated, but basically If WGA statement is true then it does not mean that other bidders can't enter into DD, just means they can't reach to the level of DD/Exclusivity that WGA have reached. I hope that this makes some semblance of sense. Hopefully the club will release a statement to clarify the situation. Is this entire DD/Exclusivity thing like getting Judo belts? Link to comment Share on other sites More sharing options...
Balwer Posted September 16, 2010 Share Posted September 16, 2010 Hopefully the club will release a statement to clarify the situation. These three lines are the sum total of the club's official correspondence to date on the subject: http://www.rovers.co.uk/page/NewsDetail/0,,10303~2124938,00.html Link to comment Share on other sites More sharing options...
T4E Posted September 16, 2010 Share Posted September 16, 2010 Link to comment Share on other sites More sharing options...
rebelmswar Posted September 16, 2010 Share Posted September 16, 2010 Is this entire DD/Exclusivity thing like getting Judo belts? At the moment it seems more like a bunch of males playing spin the bottle, in the dark, wearing hoods, all claiming they are not gay. Link to comment Share on other sites More sharing options...
67splitscreen Posted September 16, 2010 Share Posted September 16, 2010 If WGA press release is 100% factual and posters practical knowledge on here are accurate as to the time scale for due diligence on a company the size of our club, the only reason I can think of is that as some have alluded to we are unique in business terms of being owned by a trust I doubt many legal/financial teams have come across this before, the terms of Jacks trust deed may well be causing a lot of head scratching. We only have the word of a poster some time ago on here (rovercider) that there was nothing in the deed that is detrimental to a sale and a brief statement from JW some time ago, I believe. Link to comment Share on other sites More sharing options...
rebelmswar Posted September 16, 2010 Share Posted September 16, 2010 T4E you should always remember that everyone has the right to be stupid, some however, abuse the privilege. Link to comment Share on other sites More sharing options...
Guest bluerovers Posted September 16, 2010 Share Posted September 16, 2010 Updated Link to comment Share on other sites More sharing options...
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